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Sovereign Wealth Funds Briefing - Categorized | Market

1MDB says no Jho Low connections to company

Posted on 16 February 2015

The Penang-born financier and businessman Jho Low has no connections to government investment company 1Malaysia Development Bhd, its chief executive told Mingguan Malaysia. Arul Kanda Kandasamy, in his first major newspaper interview since taking over as 1MDB boss, denied a front-page report in the New York Times last week which had linked Jho Low (Low Taek Jho) with 1MDB.
Jho Low is reported to have been instrumental in helping set up 1MDB’s forerunner, the Terengganu Investment Authority, and bringing in Middle Eastern investments through his high-placed connections………………………………………..Full Article: Source


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